We have already mentioned that Disney was soon going to launch its own streaming service. Today, it’s time to think about how this would impact Disney’s main competitor in this sphere, Netflix.
The Forbes reporter Stephen McBride is sure that Netflix is doomed and it will not survive the competition with Disney. Let’s break down the three main reasons for such an opinion.
Netflix was a breakthrough platform that hit cable TV industry really hard, since most people found the streaming service more convenient and switched over. But, as McBride said “Netflix changed how we watch TV, but it didn’t really change what we watch”.
Here comes the first reason. When Disney launches its Disney Plus, it will remove all of its content from Netflix. Meanwhile, if we take a look at the list of the most popular movies of this year, including “Avengers: The Endgame”, “Bohemian Rhapsody” and others, we will see that most of them are Disney-made. Dozens of popular movies and TV shows will simply disappear from Netflix.
Secondly, subscription to Disney Plus will be 6 dollars cheaper per month than subscription to Netflix.
And lastly, since Netflix allocated astronomically high sums of money to content development ($12 billion in 2018) and get itself into debts, it currently owes its creditors around $10.4 billion.
Thus, unless Netflix figures something out, in 175 days it will be totally destroyed.
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